A routing number for Bank of America (BOA) is a nine-digit code that identifies the financial institution and the specific branch where an account is held. For instance, the routing number for BOA’s headquarters in Charlotte, North Carolina is 053900012.
Routing numbers play a crucial role in electronic funds transfers, ensuring that payments and deposits are directed to the correct account. They are also essential for wire transfers, ACH transactions, and other financial operations. Historically, the development of the routing number system has significantly improved the efficiency and accuracy of electronic banking.